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Global economic growth could plummet by 50% between 2070 and 2090 from the catastrophic shocks of climate change unless immediate action by political leaders is taken to decarbonise and restore nature, according to a new report.
The stark warning from risk management experts the Institute and Faculty of Actuaries (IFoA) hugely increases the estimate of risk to global economic wellbeing from climate change impacts such as fires, flooding, droughts, temperature rises and nature breakdown. In a report with scientists at the University of Exeter, published on Thursday, the IFoA, which uses maths and statistics to analyse financial risk for businesses and governments, called for accelerated action by political leaders to tackle the climate crisis.
Their report was published after data from the EU’s Copernicus Climate Change Service (C3S) showed climate breakdown drove the annual global temperature above the internationally agreed 1.5C target for the first time in 2024, supercharging extreme weather.
I bet you won’t stop eating meat though.
*bet they won’t stop corporations from selling meat though
No amount of personal choices will fix systemic issues, if meat is legally sold and easily accessible then people who are allowed to buy it will.
“Stop selling such tasty meat! I have to eat it all!”
This unironically.
If I can go get a cheeseburger for like $10 im gonna go get them sometimes because they taste good.
Notice how I’m not eating penguins, panda and other endangerd animals? It’s because it’s illegal to farm and sell their meat, and I can’t go eat these animals that we have been disallowed from farming and eating.
If we want to fix systemic problems it requires systemic changes.
No amount of shaming individuals and baby rage will fix systemic issues.